Technip Italy S.p.A. announced the finalization of a joint agreement with Egyptian General Petroleum Corporation (EGPC) and Assiut Oil Refining Company (ASORC) for the modernization project of the Assiut refinery, Upper Egypt, designed to refine the “bottom of the barrel” in the frame of the long-standing cooperation between Italian and Egyptian Governments and companies, especially in the Oil and Gas sector.
The investment has an estimated total value of 1.5 billion US dollars, aims at maximizing diesel production, will introduce the most modern refinery technologies in Upper Egypt and satisfies the growing local demand from petroleum products.
According to the agreement announced today, Technip will now start activities for the project, as well as providing support to ensure project financing. SACE is ready to evaluate a possible intervention to support the project.
In due course, Technip will take responsibility for the EPC phase of the project. This agreement was signed during the visit of the Egyptian Government in Italy, in the presence of the Egyptian Prime Minister Ibrahim Mahlab, the Italian Prime Minister Matteo Renzi, the Egyptian Minister of Petroleum and Mineral Resources Sherif Ismail, the Italian Deputy Minister of Economic Development Carlo Calenda and the Representatives of the involved Companies: Mohamed Taher Hafez, Deputy CEO for Planning and Projects of EGPC, Mohamed Allam Ahmed, Chairman of ASORC and Marco Villa, CEO of Technip Italy S.p.A.
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exida, the global leader in functional safety for the process industries, is pleased to announce the opening of their new office in the Middle East.
Thomas Donato is appointed president of Rockwell Automation’s Europe, Middle East and Africa (EMEA) region. Donato was most recently Rockwell Automation’s regional vice president in Canada. He also served as regional sales director of Rockwell Automation’s Northern and Eastern European region. Previously, he was the business director for the company’s services and solutions business in EMEA. Donato is now responsible for driving growth in this important region. He has 18 years of automation industry experience, including the last 11 years with Rockwell Automation.
ABB, the leading power and automation technology group, has received orders from Hyundai Heavy Industries for electrical and telecommunication systems. The order is worth around $100 million, with about half booked in the last quarter of 2014, almost $27 million in the first quarter of this year and $20 million in the second quarter. It enables Hyundai Heavy Industries to fulfill its obligations to Abu Dhabi Marine Operating Co. under the contract for EPC Work of Nasr Full Field Development Project (Package 2).
Technip, in partnership with UNICO, a Japanese engineering consultant, has been awarded a Project Management Consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery. This contract, awarded by South Refineries Company (SRC) – Ministry of Oil, covers the engineering, procurement, construction, commissioning, start-up and warranty management phase of the refinery upgrading project(1), located in Basra, Iraq.